UP 15% from last yr! and GROWING! Business For Sale in Portland, Maine

UP 15% from last yr! and GROWING!

Retail Stores - Other Retail Stores | General Merchandise - Other General Merchandise

Asking Price:	$495,000	Inventory:	$150,000 **
Gross Revenue:	$600,000 (comments below)	Real Estate:	n/a
Cash Flow:	$157,500 (comments below)	FF&E:	$50,000 ++
++ included in the asking price not** included in the asking price
Gross Revenue Comments: up 15% from 2008; up 22% from 2007!
Cash Flow Comments: more cash flow available for hands-on ownership

Premier location for this niche retail operation selling gifts, nautical decor, clothing, souviners and other unique merchandise. What a blast to run!! This turn-key is ready for new, hands-on ownership.

About the Business

Year Established:1977

Employees:1 full time - 3 part time

Facilities:Excellent high-visibility location with long-term, favorable leases in place

Market Outlook and Competition:Dramatic increases in tourists, visitors, cruise-ship passengers and residents makes this a "CAN'T MISS" business!

About the Sale

Management Training and Support:Turn-key business; all transition as necessary will be provided

Reason For Selling:Retirement

Seller Financing:Seller financing available for qualified buyers

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Tips for Buyers

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You can increase your chances of success in buying a business by improving how you communicate with sellers and/or business brokers. It's important to understand that good businesses receive many inquiries through BizQuest, and sellers/brokers are always more inclined to work with buyers who present themselves as serious, motivated, and educated about the buying a business process.

Business brokers will typically require that you sign a confidentiality or non-disclosure agreement (NDA) prior to providing more detailed information about the business.. They will also want to know a bit about you: how serious you are about buying a business, what your financial picture looks like, your time horizon to buy a business, etc.

Because of this, it's best to not ask for detailed information about the business just yet. An effective inquiry that's sure to be taken seriously would be something similar to this:

"I am interested in this business. Please send me the necessary non-disclosure and any additional documents to complete so we can discuss it further."

For more on this subject, see this posting from the BizQuest Blog.

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Business Listed By
Steve Strand Certified Business Brokers of Maine View All of My Listings


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	The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.

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